Commercial Insurance Pricing and Profitability Survey

This document is a technical report detailing the findings of WTW’s U.S. commercial lines pricing and profitability survey, known as CLIPS, for the third quarter of 2024. It outlines the current trends in pricing and profitability within the commercial insurance sector, highlighting that most lines experienced moderate to significant rate increases during this period. The report discusses the favorable development of loss ratios in 2024 and emphasizes the importance of price monitoring in the context of economic uncertainty. The survey collects data from participating companies on estimated price changes and loss costs, providing customized summary results to participants. Additionally, the report notes that the information is collected at various levels, including line of business and account size, and is intended to give participants insights into how their pricing and profitability compare to the market. The report concludes with contact information for further inquiries.